2022
Exports
$86.2BWorld Rnk 2 / 214
Flag Rnk 1 / 1212
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$13.1BWorld Rnk 23 / 225
Flag Rnk 7 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $86.2B in Refined Petroleum, making it the 2nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in India. The main destination of Refined Petroleum exports from India are: Netherlands ($9.45B), United Arab Emirates ($7.98B), United States ($4.87B), Togo ($4.82B), and Singapore ($4.69B).

The fastest growing export markets for Refined Petroleum of India between 2021 and 2022 were Netherlands ($6.53B), United Arab Emirates ($3.52B), and Togo ($2.44B).

Imports In 2022, India imported $13.1B in Refined Petroleum, becoming the 23rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in India. India imports Refined Petroleum primarily from: Russia ($4.05B), United Arab Emirates ($2.45B), Iraq ($1.44B), Saudi Arabia ($1.35B), and South Korea ($941M).

The fastest growing import markets in Refined Petroleum for India between 2021 and 2022 were Russia ($3.28B), Saudi Arabia ($131M), and Greece ($127M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (7), Chicken of the Sea (4), and John Deere (2) were at the forefront of shipping Refined Petroleum from India to the United States.

Latest Trends

Apr 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$86.2B
IMPORTS (2022)$13.1B
NET TRADE (2022)$73.1B

In 2022, India exported $86.2B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were Netherlands ($9.45B), United Arab Emirates ($7.98B), United States ($4.87B), Togo ($4.82B), and Singapore ($4.69B).

In 2022, India imported $13.1B in Refined Petroleum, mainly from Russia ($4.05B), United Arab Emirates ($2.45B), Iraq ($1.44B), Saudi Arabia ($1.35B), and South Korea ($941M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR India WERE (2021 - 2022):
Netherlands$6.53B (224%)
United Arab Emirates$3.52B (78.9%)
Togo$2.44B (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY India WERE (2021 - 2022):
Japan-$458M (-54.7%)
Saudi Arabia-$259M (-11.9%)
Mauritius-$254M (-80.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Refined Petroleum were:
In 2022, India's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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